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MPA: No Licence Renewal for Singapore’s Two Bunker Suppliers

Business & Finance

August 30, 2017

The bunker supplier licences of bunkering companies Panoil Petroleum and Universal Energy will not be renewed after they expire on August 31, 2017, the Maritime and Port Authority of Singapore (MPA) said.

The authority added that it will not renew the bunker craft operator licence of Universal Energy.

“Both companies will no longer be allowed to operate as a bunker supplier and bunker craft operator in the Port of Singapore,” according to MPA Singapore.

The companies got their licences revoked as they contravened the terms and conditions of their bunker licences.

Namely, Panoil Petroleum made unauthorised alterations on the pipelines of their bunker tankers and has accumulated demerit points for non-compliances to the bunkering procedures, while Universal Energy accumulated demerit points for delivery of bunkers that were severely aerated as well as stoppages during bunkering operations.

With the points accumulated, the companies have failed to be accredited under the Accreditation Scheme for Bunker Suppliers, which is a key requirement for the renewal of bunker licences under the terms and conditions of the licences.